Paying a normal conventional mortgage along with giving them profit is significantly lowering your margins for you to make enough on cash flow especially after considering initial repairs and cap ex.

What I wasn’t clear on is whether or not the home inspection is used as a tool to aid in making the initial offer or if it the inspection is a tool to give you more knowledge about the house after you make the initial offer.

At that point we would go back to the bank and refinance and get back most of our initial money.

If Bank A doesn’t require initial draws but Bank B has a lower rate and does, get a term sheet from Bank B and take it to Bank A and they will likely work with you.Every bank will be different but the more you talk to the better off you will be.

After 5 years we refinance the portfolio and he takes his initial investment back.  

A good RE agent is worth their weight in gold here.Definitely no rule of thumb for estimating initial repairs.

I'm more so focused on the calculator reflecting my initial strategy accurately, so that I can understand how to use it in the future on a property that I really want to focus on.Thanks for the help.

“Today’s agreement reaffirms HUD’s commitment to ensuring that housing providers meet their obligation to treat all applicants the same.”The case came to HUD’s attention when Inland Fair Housing and Mediation Board (IFHMB), a HUD Fair Housing Initiatives Program agency, filed a complaint based on results from their fair housing tests.

It is not like the old days where the end buyers funds were used for your initial purchase.

Hoping for some seasoned input on our current situation.We own a duplex that we initially house hacked in.